11/05/2020
EU ministers agree to set up EU anti money laundering body
The Commission is to present legal proposals to turn that agreement into reality in the first quarter of next year.
Legal, Regulation & Compliance
11/05/2020
Senior wealth management and financial advice figures gather for PIMFA’s virtual leadership summit
Among the subjects discussed were the Government’s view of the future of financial services regulation after the UK leaves the EU Single Market
11/05/2020
CMA blocks investment technology merger
The CMA has ordered FNZ to sell GBST after finding their completed merger could lead to a reduction in the quality of service and higher prices.
11/05/2020
Bank of England administers a large dose of medicine but the economy faces a long recovery
Although the extension of the furlough scheme will clearly protect jobs, it's not a magic potion and struggling companies will still have to reduce headcount to survive.
11/05/2020
EU Exit: FCA sets out approach to STO
The updated guidance proposes to extend payment deferrals and other support to customers who are experiencing payment difficulties in light of Covid-19.
11/05/2020
CMA blocks investment technology merger between FNZ and GBST
Looking at how the sector is expected to develop in future, the CMA found no basis to suggest that entry or expansion by other suppliers would mitigate the harm caused by the merger.
11/05/2020
FCA chief: No immediate plans to reduce FSCS levy for advisers
Advisers have seen a huge rise in their FSCS levy costs in recent years due to a surge in compensation claims.
11/05/2020
Trio of financial advisers on sex offender register banned
They were all handed custodial sentences for varying charges
11/05/2020
Financial Regulation Update
However, issuers will still be able to publish and file their financial reports in ESEF voluntarily for financial years starting on or after 1 January 2020, from January 2021
11/04/2020
Who's Who Legal recognises nine Carey Olsen partners as experts in private funds
Among the nine recognised, Ben Morgan, partner and head of the Guernsey corporate practice, is also the only Guernsey-based lawyer to be recognised as one of six 'global elite thought leaders' for the offshore region.
11/04/2020
Basel Committee reports to G20 Leaders on Basel III implementation
The Committee further notes that most Basel Framework-related measures taken by its members in response to Covid-19 have been capital or liquidity-related
11/04/2020
Key differences between Jersey and English commercial property transactions
The parties either appear personally before the Royal Court or appoint an attorney or authorised representative to appear on behalf of themselves or their company.
11/04/2020
Advisers acknowledge bias towards mutual funds - the lang cat research
lang cat research
11/04/2020
Connecting impact investors with social enterprises: the European Social Innovation and Impact Fund launches after a successful first closing
Potential professional and semi-professional investors in Germany have the choice between a senior and a junior tranche with different risk-return profiles.
11/04/2020
FCA gives go ahead to adviser platform buyout
The deal will facilitate the development of Wealthtime’s proprietary platform technology to improve the adviser experience and upgrade its functionality.
11/03/2020
FCA announces further proposals to support mortgage borrowers impacted by coronavirus
The FCA is proposing to extend the availability of payment deferrals to support borrowers who are experiencing payment difficulties because of coronavirus.
11/03/2020
FCA writes to 55 firms over misleading financial promotions
No enforcement action has been taken but the UK watchdog has a ‘number of ongoing investigations’
11/03/2020
Bulgaria's golden passports scheme fails to attract investors
Bulgaria's golden passport scheme has failed to attract foreign investment in the country as, in the past eight years, only 98 foreigners bought Bulgarian passports.
11/03/2020
FCA: Call for Input on the Woolard Review
The FCA states that borrowers who can afford to do so should continue to make repayments, but will propose extensions to payment deferral applications.
11/03/2020
Britain extends payment freeze to coronavirus-hit borrowers
Borrowers who have already had one deferral would be able to apply for a second, the FCA said.